CSG’s Owner Seeks €2.55 Billion in World’s Largest Defense IPO

Michal Strnad, the 33-year-old owner of Czechoslovak Group AS, is seeking to raise €2.55 billion ($2.98 billion) from what is set to be the largest defense initial public offering on record.

The Prague-based armored vehicle and munitions maker is seeking a valuation of €25 billion in the Amsterdam IPO, according to terms seen by Bloomberg. It will market shares at a fixed price of €25 per share, a company statement said.